Survey finds Canadians want to know about their employer's finances

 

Do you believe the company you work for should share their finances with employees? If you do, you're not alone.

A recent study, conducted by Robert Half Management Resources, found 77 per cent of employed Canadians feel their company should make their financial performance available to employees.

While companies aren't required to share this information with employees, 84 per cent of CFOs said this quarterly and annual financial information was made available to at least some employees, while nearly half--48 per cent--make their financial information available to all employees.

"Have regular discussions with employees about the goals of the organization and invite them to share their ideas where it fits," David King, senior district president of Robert Half Management Resources, said in a news release.

"Professionals are drawn to companies that demonstrate trust in their staff's opinions and actively engage with the things that matter to them—which makes promoting open lines of communication around business objectives an important way to attract and retain talented workers who want to have a voice," he continued.

Additionally, only eight per cent of employees surveyed said they weren't at all interested in learning about their company's finances.

"Financial transparency provides staff valuable insight into the company's performance, shedding light on potential growth opportunities for individuals and the business itself," King said. 

"By connecting the dots between organizational performance and team efforts, leaders show employees how their contributions positively impact the bottom line, which can help keep them motivated," he added."

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